06:18 Video The Fed’s benchmark interest rate reaches peak, can the Rupiah get stronger? My Money – 41 minutes ago

Jakarta, CNBC Indonesia- Bank Indonesia decided to maintain the benchmark interest rate level at 6% in the BI RDG November 2023 amidst the potential for the US Central Bank, The Fed to raise the benchmark interest level at the end of 2023.

Executive Director of the BI Monetary Management Department 2018-2021, Nanang Hendarsah said the BI RDG decision was a response to easing pressure on the Rupiah. This is in line with reduced expectations of an increase in the Fed Funds Rate and sloping US inflation.

In the future, BI policy will still consider external developments while still looking at domestic macro data.

Meanwhile, Bank Mandiri’s Chief Economist, Andry Asmoro, sees that BI’s policy direction is stable and in line with market projections. Where the decline in the Dollar Index and easing US pressure provides room for BI to maintain interest rate levels.

What is the policy direction of the Fed and BI? What is the impact on the Rupiah? For complete details, see Anneke Wijaya’s dialogue with the Executive Director of the Monetary Management Department of Bank Indonesia 2018-2021, Nanang Hendarsah and Chief Economist of Bank Mandiri, Andry Asmoro at Power Lunch,CNBCIndonesia (Monday, 11/27/2023)

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